Australia shares set to edge higher; NZ slips

Reuters Staff

1 Min Read

Feb 14 (Reuters) - Australian shares are likely to edge
higher on Wednesday helped by strong metal prices and tracking
positive performance on Wall Street on Tuesday.
Copper on the LME climbed 2.3 percent while zinc
ended up 2.6 percent on Tuesday, while stocks on Wall
Street ended the day up for a third straight session, buoyed by
technology majors Amazon and Apple .
The local share price index futures rose 0.2
percent or 14 points to 5,807, a 48.9-point discount to the
underlying S&P/ASX 200 index close. The benchmark rose
0.6 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index fell as
much as 0.9 percent in early trade, dragged by Fletcher Building
Ltd , which lost as much as 13.8 percent after flagging
a bigger loss for its buildings business in the 2018 fiscal
year.
(Reporting by Aaron Saldanha in Bengaluru)